Accounting

Accounting 2019-07-11T13:48:35-04:00

Private Equity Accounting

For each reporting period, Ultimus gathers all portfolio-level financial data and information and provides you with a set of comprehensive financial statements for each entity. The Ultimus team has extensive experience producing financial statements for general partner entities and subsidiary entities, including offshore blockers, single-purpose entities (SPEs) formed to hold portfolio companies, and other special purpose vehicles (SPVs). In addition, we are capable of handling complex foreign currency translation calculations for offshore entities and are well-versed in accounting for sidecar, co-investment, and joint ventures. Specific accounting services include:

  • Maintenance of official books and records
  • Computation of fees and accruals (including management fee and carried interest)
  • Calculation of preferred return and distribution waterfalls
  • Reconciliation of cash
  • Provision of accounting-related reports
  • Maintenance of capital accounts
  • Multi-currency capabilities
  • Financial reporting
  • Capital calls and distributions
  • Preparation and issuance of investor capital call and distribution notices
  • Processing of capital activities (commitments, capital calls, distributions, and transfers)
  • Maintenance of capital commitment balances

Accounting for General Partner Carried Interest Vehicles

We have extensive experience accounting for GP Carried Interest Vehicles. We produce a comprehensive set of financial statements, including full general ledger detail, and performance reporting on a regular basis.

Venture Capital Accounting

For each reporting period, Ultimus gathers all portfolio-level financial data and information and provides you with a set of comprehensive financial statements for each entity. The Ultimus team has extensive experience producing financial statements for general partner entities and subsidiary entities including offshore blockers, SPEs formed to hold portfolio companies, and other SPE structures. In addition, we are capable of handling complex foreign currency translation calculations for offshore entities and are well-versed in accounting for side car, co-investment, joint venture and general partner carry entities.

Real Estate Portfolio, Fund & Investor Accounting

For each reporting period, Ultimus gathers all portfolio-level financial data and information and provides you with a set of comprehensive financial statements for each entity. The Ultimus team has extensive experience producing financial statements for general partner entities and subsidiary entities, including offshore blockers, single-purpose entities (SPEs) formed to hold portfolio companies, and other special purpose vehicles (SPVs). In addition, we are capable of handling complex foreign currency translation calculations for offshore entities and are well-versed in accounting for sidecar, co-investment, joint venture, and general partner carry vehicles. Specific accounting services include:

  • Maintenance of official books and records
  • Computation of fees and accruals (including management fee and carried interest)
  • Calculation of dividends and DRIP
  • Calculation of preferred return and complex distribution waterfalls
  • Reconciliation of cash
  • Provision of accounting-related reports
  • Maintenance of capital accounts
  • Multi-currency capabilities
  • Complete REIT accounting
    • Minimum REIT distribution calculations
  • Financial reporting
  • Capital calls and distributions
  • Preparation and issuance of investor capital call and distribution notices
  • Processing of capital activities (commitments, capital calls, distributions, and transfers)
  • Maintenance of capital commitment balances
  • Preparation and distribution of capital call letters